Coolsaet Lieven: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Coolsaet Lieven
Largest movements
- Receivables within one year +€25,501
up €25,501 (+32.3%), from €78,832 to €104,333
of which Trade receivables: +€25,957
- Stocks and contracts -€11,628
down €11,628 (-14.4%), from €80,738 to €69,110
of which Stocks: -€16,628
- Tangible fixed assets -€5,993
down €5,993 (-26.9%), from €22,278 to €16,284
of which Furniture and vehicles: -€6,701
- Reserves -€145,322
down €145,322 (-88.8%), from €163,617 to €18,296
- Other debts +€143,398
up €143,398 (+1,053%), from €13,613 to €157,011
- Trade debts +€21,909
up €21,909 (+179%), from €12,231 to €34,140
- Current portion of long-term debt -€8,411
down €8,411 (-78.0%), from €10,788 to €2,377
- Tax, wage and social debts -€4,939
down €4,939 (-96.8%), from €5,100 to €161
of which Taxes: -€4,966
- Staff costs -€27,887
down €27,887 (-80.5%), from €34,637 to €6,750
- Gross operating margin -€18,189
down €18,189 (-37.1%), from €48,973 to €30,783
- Other operating charges +€3,088
up €3,088 (+80.0%), from €3,861 to €6,949
- Taxes +€1,357
new in 2025: €1,357
- Financial income +€719
up €719 (+131%), from €548 to €1,267
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,350 | €216,985 | +€6,635 | +3.2% |
| Fixed assets | 21/28 | €22,278 | €16,284 | -€5,993 | -26.9% |
| Tangible fixed assets | 22/27 | €22,278 | €16,284 | -€5,993 | -26.9% |
| Plant, machinery and equipment | 23 | €2,658 | €3,366 | +€708 | +26.6% |
| Furniture and vehicles | 24 | €19,620 | €12,919 | -€6,701 | -34.2% |
| Current assets | 29/58 | €188,073 | €200,701 | +€12,629 | +6.7% |
| Amounts receivable after more than one year | 29 | €2,500 | €2,500 | = | 0.0% |
| Trade receivables | 290 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts receivable | 291 | - | €2,500 | +€2,500 | |
| Stocks and contracts in progress | 3 | €80,738 | €69,110 | -€11,628 | -14.4% |
| Stocks | 30/36 | €80,738 | €64,110 | -€16,628 | -20.6% |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €78,832 | €104,333 | +€25,501 | +32.3% |
| Trade receivables | 40 | €66,095 | €92,052 | +€25,957 | +39.3% |
| Other amounts receivable | 41 | €12,737 | €12,281 | -€456 | -3.6% |
| Cash at bank and in hand | 54/58 | €23,648 | €21,930 | -€1,718 | -7.3% |
| Deferred charges and accrued income | 490/1 | €2,354 | €2,828 | +€474 | +20.1% |
| Total equity and liabilities | 10/49 | €210,350 | €216,985 | +€6,635 | +3.2% |
| Equity | 10/15 | €168,617 | €23,296 | -€145,322 | -86.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €163,617 | €18,296 | -€145,322 | -88.8% |
| Distributable reserves | 133 | €163,617 | €18,296 | -€145,322 | -88.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,733 | €193,689 | +€151,957 | +364% |
| Amounts payable within one year | 42/48 | €41,733 | €193,689 | +€151,957 | +364% |
| Current portion of amounts payable after more than one year | 42 | €10,788 | €2,377 | -€8,411 | -78.0% |
| Trade debts | 44 | €12,231 | €34,140 | +€21,909 | +179% |
| Suppliers | 440/4 | €12,231 | €34,140 | +€21,909 | +179% |
| Taxes, remuneration and social security | 45 | €5,100 | €161 | -€4,939 | -96.8% |
| Taxes | 450/3 | €5,100 | €134 | -€4,966 | -97.4% |
| Remuneration and social security | 454/9 | - | €27 | +€27 | |
| Other amounts payable | 47/48 | €13,613 | €157,011 | +€143,398 | +1,053% |
| Remuneration, social security and pensions | 62 | €34,637 | €6,750 | -€27,887 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,221 | €7,926 | -€294 | -3.6% |
| Other operating charges | 640/8 | €3,861 | €6,949 | +€3,088 | +80.0% |
| Gross operating margin | 9900 | €48,973 | €30,783 | -€18,189 | -37.1% |
| Operating profit (loss) | 9901 | €2,254 | €9,158 | +€6,904 | +306% |
| Financial income | 75/76B | €548 | €1,267 | +€719 | +131% |
| Recurring financial income | 75 | €548 | €1,267 | +€719 | +131% |
| Financial charges | 65/66B | €4,171 | €4,657 | +€485 | +11.6% |
| Recurring financial charges | 65 | €4,171 | €4,657 | +€485 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,370 | €5,769 | +€7,138 | |
| Income taxes | 67/77 | - | €1,357 | +€1,357 | |
| Profit (loss) for the period | 9904 | -€1,370 | €4,411 | +€5,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,370 | €4,411 | +€5,781 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.